Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.050%
Price spread now: Bybit against Polymarket Perps+0.099%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 6 days (all we have)−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.099%, 7d avg +0.013%
=The price spread pays, funding is against you. Bybit is 0.087% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.013%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SOXL-USD | 140.81 | 0.0050 | pay 0.0006% / 1h | 26m 45s | $11K | $295K | 10x |
| Short | Bybit SOXLUSDT | 140.95 | 0 | get 0.0000% / 8h | 5h 26m | $44.9M | $231.9M | 100x |
Polymarket Perps SOXL-USD
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.099% → +0.013%
- $8.67
- Slippage, 4 orders
- −$11.27
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.11
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 18 min ago; Bybit: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 18 min ago | 3.54 bp | 8.9 bp −$9 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.36 bp | 7.1 bp −$7 | 10.6 bp −$106 | 79.1 bp −$7,911 | doesn't fit |
SOXL on 28 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.0300% | 8h | 140.94 | +0.092% | $58.5M | $164.3M | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | −0.0034% | 1h | 140.84 | +0.021% | $120K | $383K | 10x | as long as short |
| BloFin SOXL-USDT | −0.0024% | 8h | 140.93 | +0.085% | $1.3M | $505K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 140.93 | +0.088% | $181K | $1.4M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 140.93 | +0.082% | $40K | $442K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 140.94 | +0.090% | $162.4M | $1.67B | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 140.95 | +0.099% | $44.9M | $231.9M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 140.87 | +0.043% | $25.2M | $262.8M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 140.93 | +0.085% | $27.9M | $60.7M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 140.97 | +0.114% | $14.2M | $61.9M | 200x | as long as short |
Bitget SOXLUSDT
Deribit SOXL_USDC-PERPETUAL
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOXL | 0.0000% | 8h | 140.74 | −0.048% | $1.9M | $5.6M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 140.85 | +0.027% | $66K | $197K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 140.89 | +0.057% | $2K | $3.7M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.93 | +0.085% | $87K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 140.98 | +0.121% | $2.3M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0022% | 1h | 140.83 | +0.014% | $260K | $257K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 140.91 | +0.071% | $678K | $2.7M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 140.87 | +0.043% | $260K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 140.88 | +0.050% | $21.9M | $33.3M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0050% | 1h | 140.81 | long leg | $11K | $295K | 10x | |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.57 | −0.170% | $204K | $395K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 140.96 | +0.107% | $6.4M | $10.3M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.91 | +0.071% | $37K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 140.92 | +0.078% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 140.89 | +0.056% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 140.97 | +0.114% | $807K | $3.5M | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0515% | 1h | 140.50 | −0.222% | $88K | $381K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0766% | 4h | 140.88 | +0.049% | $175K | $332K | 10x | as long as short |
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC